Aisha Steel Mills (KAR:ASL) ROCE % : 21.69% (As of Mar. 2024)

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What is Aisha Steel Mills ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Aisha Steel Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.69%.

Aisha Steel Mills ROCE % Historical Data

The historical data trend for Aisha Steel Mills's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aisha Steel Mills ROCE % Chart

Aisha Steel Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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7.25

8.86

52.32

17.25

-6.86

Aisha Steel Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.85	-11.10	21.00	20.17	21.69

Aisha Steel Mills ROCE % Calculation

Aisha Steel Mills's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1322.563	/	( ( (46804.817 - 27669.343)	+	(38046.164 - 18615.885) )	/ 2 )
	=	-1322.563	/	( (19135.474	+	19430.279)	/ 2 )
	=	-1322.563	/	19282.8765
	=	-6.86 %

Aisha Steel Mills's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4065.592	/	( ( (39369.513 - 20492.349)	+	(39731.913 - 21119.433) )	/ 2 )
	=	4065.592	/	( ( 18877.164	+	18612.48 )	/ 2 )
	=	4065.592	/	18744.822
	=	21.69 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aisha Steel Mills (KAR:ASL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Aisha Steel Mills ROCE % Related Terms

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Aisha Steel Mills (KAR:ASL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » ROCE %

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ASLPS.PFD:Pakistan

Address

23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000

Website

https://www.aishasteel.com

Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

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